LTC - Gut tells me bearish, though bulls have a chance
Head and shoulders forming on the daily chart.
RSI is levelling off to around 50, no real pressure up or down, prices are simply frozen where they are.
If the bulls hold the neck line of around 162k, I can definitely see us going to ATH at around 262k
However if the bulls don't hold the neck line, may god be with all the LTC holders out there, I'll see you at 61.5k sats.
Weekly charts are not promising in the slightest with some major bearish divergences appearing on both RSI and MACD.
Will sit this one out on the side lines to see what happens in the coming weeks/days.
RSI is levelling off to around 50, no real pressure up or down, prices are simply frozen where they are.
If the bulls hold the neck line of around 162k, I can definitely see us going to ATH at around 262k
However if the bulls don't hold the neck line, may god be with all the LTC holders out there, I'll see you at 61.5k sats.
Weekly charts are not promising in the slightest with some major bearish divergences appearing on both RSI and MACD.
Will sit this one out on the side lines to see what happens in the coming weeks/days.
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